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$1,375,000 Just Listed

  • For Sale
  • Active
  • Apartment
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Exceptional Income-Producing Opportunity in the Heart of Wildwood! Welcome to 120 E Schellenger Ave, a rare and fully renovated 14-private-room seasonal rental property offering outstanding income potential in one of the Jersey Shore's most desirable locations. Completely renovated in 2021, this turnkey asset delivers immediate cash flow with a strong and proven performance history. The property consists of 14 private rental rooms, 9 full bathrooms, two full kitchens, and a spacious common living room, all thoughtfully designed to support high-demand seasonal rentals. The layout maximizes occupancy and efficiency, making it ideal for investors seeking reliable and scalable income. The seller currently nets approximately $130,000 per season, demonstrating the property's exceptional earning power. The property is also available for seasonal rent at $90,000, offering additional flexibility for operators or investors evaluating multiple revenue strategies. Located just a short walk to the beach, boardwalk, dining, nightlife, and everything Wildwood has to offer, this unbeatable walkability is a major driver of its consistent seasonal demand and long-term value. Whether you're looking to expand your investment portfolio or acquire a proven shore rental with strong cash flow, 120 E Schellenger Ave represents a rare opportunity to own a high-performing, fully renovated income property in the heart of Wildwood.

Full Property Details for 120 E Schellenger Ave

General

  • Price: $1,375,000
  • Taxes: $8,588 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: NJCM2006732
  • Updated: 2/10/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Apartment Building, Bed and Breakfast

Interior

  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank

Rooms

Bathrooms

  • Restrooms: 9

Additional Information

  • Security/Safety: Smoke Detector, Exterior Cameras

Parking

  • Total Spaces: 20
  • Parking Features: Paved Parking, Public, Unassigned
  • Parking Type: On Street

Location

  • Area: Wildwood City (20514)
  • Municipality: WILDWOOD CITY
  • County: CAPE MAY
  • Subdivision: WILDWOOD CITY
  • Driving Directions: gps
  • Location Details: Downtown

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: None
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Frame, Vinyl Siding
  • Foundation: Slab
  • Roof: Pitched, Asphalt, Shingle
  • Doors: Insulated, Six Panel
  • Building Size: 3360
  • Year Built: 1960
  • Year Built Source: Assessor
  • Property Condition: Excellent, Very Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,999
  • Lot Size Source: Assessor
  • Lot Dimensions: 40.00 x 100.00
  • Zoning: PARZ

Financial Considerations

  • Price Per Sq. Ft.: $409.23
  • Assessment Year: 2025
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $278,500
  • Tax Amount: $8,588
  • Tax Year: 2025
  • Owner Pays: Air Conditioning, All Utilities, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Lawn/Shrub Care, Management, Pest Control, Repairs, Services (All), Sewer, Taxes - Real Estate, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • Inclusions: All existing finishes and furnishings.
  • Lot Number: 21

Listed by Keller Williams Realty - Washington Township, Thomas P. Duffy

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Listing agent

— 120 E Schellenger Ave —

  • Thomas P. Duffy

    Keller Williams Realty - Washington Township

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 120 E Schellenger Ave

School District:Wildwood City School District
NameGradesDistance
Glenwood Ave Elementary School
Glenwood & New York Ave, Wildwood, NJ 08260
PK-50.3 mi
Wildwood Middle School
4300 Pacific Avenue, Wildwood, NJ 08260
6-80.4 mi
Wildwood High School
4300 Pacific Avenue, Wildwood, NJ 08260
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 120 E Schellenger Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Listed
$1,375,000
276.71%
MLS
9/24/2021
Sold
$365,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 120 E Schellenger Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,358
6%
$278,500
—
2022
$7,887
100%
$278,500
—
2021
-100%
$278,500
16%
2016
$5,571
2%
$239,700
—
2015
$5,482
-24%
$239,700
-14%
2019
$7,224
60%
$278,500
40%
2013
$4,527
—
$198,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Realty - Washington Township, Thomas P. Duffy

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120 E Schellenger Avenue, Wildwood, NJ 08260 (MLS# NJCM2006732) is a Apartment property. 120 E Schellenger Avenue is currently listed for $1,375,000 and was received on February 10, 2026. Want to learn more about 120 E Schellenger Avenue? Do you have questions about finding other Apartment real estate for sale in Wildwood? You can browse all Wildwood real estate or contact a Coldwell Banker agent to request more information.

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